RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:My two centsThe initial results from the 2021 drilling campaign were released last month. They confirmed the Casino story being told to RIO. I would expect the final results by Q1 of next year. In Q2 an updated feasibility study should be produced. In the updated FS we should expect either a migration of inferred resource to M&I and or an increase in the amount of inferred resource.
We sit at 21 million ounces (70% in M&I) right now, so maybe we bump to 22 - 23 million? An increase in M&I will have a favourable result to the NPV of the project. Even just an increase to the inferred gives the BoD leverage. Bottom line: the drill campaign ticked all the boxes for RIO en route to a buyout.
Who knows how high the buyout amount will settle at, but I am very confident we will achieve at least a 600% (6 bagger) from today's share price level.
WRN and SBB are my top two junior buyout targets for 2022. I was hoping AEM would've gotten involved in the mix for WRN, but they seem to be looking instead at SBB.
Happy investing all and Merry Christmas!